Tuesday, May 30, 2023

Fluidra proposes a cash dividend of 0.70 per share

The Board of Directors of the General Meeting of Shareholders proposes the distribution of a cash dividend of 0.70 per share. The total issue will be 134 million in cash and will be paid in two installments on July 5 and December 5, 2023 at a rate of 0.35 cash per share.

Fluidra, a global leader in the pool and health equipment sector, has agreed to propose to its Board of Directors a general meeting to distribute a dividend of 0.70 cash per share loaded with reserves. This proposal, according to the company’s dividend policy, means paying out 50% of Net Cash profits for 2022.

The total disbursement, with the approval of the General Meeting of Shareholders to be held on May 10, will have a total of one hundred thousand coins. If approved, Fluidra will make a first payment of 0.35 euros per share on July 5, and another in cash of 0.35 on December 5, 2023.

The company thus continues with its consistent shareholder remuneration policy. When it resumed paying dividends in October 2020, it distributed 1.46 euros per share, to which these 0.70 cash per share will be added if approved by the General Meeting of Shareholders.

“Our core business remains strong. Fluidra is a global leader with a stronger business structure with the ability to generate revenue. We have expanded our product portfolio in North America, expanded our distribution network in Europe and increased our commercial offerings. In addition, we are working to become a more efficient and effective organization to our to better serve our customers and we are well positioned to lead the pool and healthcare market,” said Eloi Planes, Fluidra’s Executive President.

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Establishment of directory

On the other hand, the Fluidra Board of Directors proposed Aedhmar Hynes as an independent Director of the company and Manuel Puig Rocha as a Proprietary Director. Both organizations will be voted on at the General Meeting of Shareholders on May 10.

Fluidra will thus increase the number of company directors to 13, compared to the current 12. The increase in the number of members is intended to represent a greater plurality of perspectives and interests, including the representation of other significant shareholders on the Board.

Aedhmar Hynes has spent more than three decades in the marketing and communications industry, leading and supporting many powerful brands through digital transformation. He is currently a member of the board of directors of IP Group plc (listed on the London Stock Exchange) and Jackson Family Wines. He is also active in non-profit organizations, a Director of Technoserv and the Connecticut Public Transmission Network, and a member and past chair of the Board of Directors of the Page Company.

Aedhmar Hynes has been awarded some of the highest accolades in the digital communications industry and in recent years has been named among the 50 Most Powerful Communications Professionals in the world.

For his part, Manuel Puig Rocha has held various executive positions at Puig for more than 35 years. Since 2007, he has been Vice-Chancellor of Puig and, since February 2021, Director of Sustainability (President of the Sustainability Office) and Chairman of the ESG Committee of the Puig Board of Directors.

In addition, he is a member of the boards of directors of Exea Empresarial, Isdin, Flamagas and RACC, and is also a member of the Advisory Board of GBI2 (Georgetown University) and the Supervisory Board of Iris Ventures. Manuel Puig Rocha participates in various internationally recognized ESG associations and groups in climate and workers as an active member of the Board of Directors of the Empresa & Clima foundation.

Finally, the re-election of Jorge Valentín Constans Fernández as an independent director of the Company’s Board is proposed.

Nation World News Desk
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